Impacts of tax framework changes

Impacts of tax framework changes

Robert King, EY Indochina tax leader, and Ly Vu Uyen Nguyen, tax director of EY Consulting Vietnam, explain the proposed changes and how they could affect local businesses in this country.
Vietnam to issue a tax decree on cross-border e-commerce

Vietnam to issue a tax decree on cross-border e-commerce

Vietnam intends to issue a new decree to regulate cross-border e-commerce deliveries amidst the e-commerce boom.
Hyosung Vina Chemicals proposes removing import tax on propane

Hyosung Vina Chemicals proposes removing import tax on propane

Hyosung Vina Chemicals is waiting for the MoF's approval to remove the 2 per cent import tax on propane, a material used for propylene production.
Clarity offered through auto industry tax proposals

Clarity offered through auto industry tax proposals

The Ministry of Finance’s proposal on tax incentives for domestically-produced cars beyond 2022 could contribute to aiding the local automobile and supporting industries.
Various state budget options offered up to quicken recovery

Various state budget options offered up to quicken recovery

Extending tax schedules, pushing ahead with vaccinations, and dipping further into the budget are just some of the drastic measures the business community in Vietnam is looking for to climb its way out of the current stagnation.
Tax aid comes as relief for businesses

Tax aid comes as relief for businesses

Vietnam’s tax agencies and banking groups are taking more drastic concerted efforts to buttress the domestic economy and foster resilience against the current wave of COVID-19 infections.
Supporting multinationals to plan out tax strategies

Supporting multinationals to plan out tax strategies

The Ministry of Finance’s Circular No.45/2021/TT-BTC guiding the application of advance pricing agreements is considered a mechanism for multinational corporations to plan tax strategies.
Tax cuts proposed to support businesses rocked by pandemic

Tax cuts proposed to support businesses rocked by pandemic

The Tax Policy Department under the Ministry of Finance is drafting a proposal on tax reduction to support individuals and businesses affected by the COVID-19.
Higher clinker export duty proposed to restrict export of natural resources

Higher clinker export duty proposed to restrict export of natural resources

The export duty of clinker has just been proposed to be doubled from 5 to 10 per cent to reduce the exports of non-renewable natural resources.
US removes tariff threats against Vietnam

US removes tariff threats against Vietnam

The Office of the United States Trade Representative (USTR) on July 23 issued a formal determination in the Vietnam Currency Section 301 investigation, under which the agency will not take any tariff action against Vietnam.
Timeline extended for e-commerce taxation

Timeline extended for e-commerce taxation

Tax authorities will give five more months for e-commerce platforms to set up data connectivity and begin sharing online sellers' information from January 2022.
G20 endorses historic global tax reform

G20 endorses historic global tax reform

G20 finance ministers on Saturday gave their backing to a historic deal to overhaul the way multinational companies are taxed, and urged hold-out countries to get on board.
New tax put forth to restrain speculation

New tax put forth to restrain speculation

Hanoi and Ho Chi Minh City are proposing a series of solutions to impose extra tax after a recent request from the prime minister to readjust the real estate market to limit investment flows into unused property from speculation.
Tax authorities hold full data of online vendors from 2022

Tax authorities hold full data of online vendors from 2022

Local tax authorities will have full access to data pertaining to the revenue of vendors on online platforms from 2022.
Tax authorities at a loss over collecting dues from online business

Tax authorities at a loss over collecting dues from online business

Despite progressively stricter regulations by tax collectors, individuals running business via online platforms are always a step ahead finding workarounds.
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